The Series 2017 Bonds will go toward the construction and renovation of American Leadership Academy locations in the Southeast Valley. Pictured (above) is one of ALA’s Gilbert schools.
Fidelity National Title closes $192 million deal
The Fidelity National Title Agency | Camelback Lakes team announced it closed on Pima County Industrial Development Authority Education Facility Revenue Series 2017 Bonds for American Leadership Academy, Inc., in the aggregate amount of $192.2 million.
The Fidelity National Title Camelback Lakes office team comprises Diane Carpenter, Kristina Gooding, and Leo Sanchez.
The proceeds of the Series 2017 Bonds were used to make a loan to American Leadership Academy for the purpose of paying the costs to finance or refinance the acquisition, construction, improvement, and equipping of land and charter school facilities of four sites in the Southeast Valley. The proceeds will also go to any required reserve funds; pay capitalized interest, if any, on the Series 2017 Bonds; and pay certain issuance expenses related to the Series 2017 Bonds.
“We are grateful to Holmes Law and American Leadership Academy for entrusting our team to facilitate this successful closing,” Sanchez said. “We’re excited to be a part of a transaction that is involved in serving the K-12 students in our Arizona community.”
“We recognized that we had to work with a title company that was highly talented and experienced in bond transactions,” said Ashley Spear, attorney at Holmes Law. “We knew that Kristina Gooding and the team at Fidelity were the perfect choice. Since Holmes Law was founded in 2014, our firm has provided legal services for more than $311 million of bond financing projects for charter schools throughout the Southwest.”
Holmes Law is a small firm located in Chandler that focuses on charter school creation, expansion, and operation. It regularly represents charter schools in bond financings used for the construction, acquisition, and renovation of facilities.